I have never bought into the the argument that the company is not able to provide information about crypto in fear of upsetting the ASX.
My points below have nothing to do with my thoughts about the company, I just do not buy into the excuse shared on hot copper that the company can not provide information for fear of being delisted.
1) In yesterdays ASX released Investor Presentation there were 20 mentions of NFT's.
NFT's to the best of my knowledge are not traded using FIAT they appear to be predominantly traded with Etherium (
https://opensea.io/), Matic (
https://ultiarena.com/home) etc. Therefore discussions of NFT's reference crypto trading.
2) How can the ASX block discussion of crypto related matters when it permits trade of Crypto via an ETF that blatantly tracks the performance of crypto related companies and makes no effort to disguise what it does.
ASX websiteAbout CRYPThe investment objective of the Fund is to provide an investment return that aims to track the performance of the Bitwise Crypto Innovators Index (the "Index'), before taking into account fees and expenses.
https://bitqetf.com/CRYP website Fund objectiveCRYP aims to track the performance of an index (before fees and expenses) that provides exposure to global companies at the forefront of the dynamic crypto economy.
Benefits of CRYPInvest in a sector with strong growth potential
The crypto economy has been growing strongly, aided by the performance of Bitcoin, Ethereum and other digital assets over the past ten years, with this growth anticipated to continue.
Exposure to crypto core infrastructureCRYP provides ‘picks and shovels’ exposure to the companies building crypto mining equipment, crypto trading venues, and other key services that allow the crypto economy to thrive.
CRYP invests in up to 50 crypto leaders such as Coinbase, Riot Blockchain, Microstrategy and more.
Convenient, cost-effective exposure to the crypto economyCRYP provides focused exposure to the crypto economy within the familiar ETF structure. You can invest in CRYP as simply as buying any share on the ASX.
https://www.betashares.com.au/fund/crypto-innovators-etf/3) Amonica Brand's removal from ASX is often quoted in reference to the ASX not allowing ICI to discuss crypto but according to the Financial Review the reason they were delisted was for "swapping stock for crypto tokens", which would make sense as that would be bypassing ASX trading platforms costing the ASX fees and allowing the practice to continue would set a difficult precedent for the ASX.
Financial review article"Animoca was infamously booted off the ASX in March 2020, when it was valued at a mere $120 million, for swapping stock for crypto tokens which muddled its valuations and caused headaches for accountants signing off accounts."
https://www.copyright link/markets/currencies/getting-kicked-off-the-asx-was-a-blessing-for-us5b-nft-giant-animoca-20220405-p5ab2sNote I do not and have never owned any CRYP shares.
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